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Cognis and Golden Hope Expand Oleochemicals



Published January 10, 2006
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Cognis and Golden Hope
Expand Oleochemicals
● Cognis Deutschland GmbH & Co. KG and
Golden Hope Plantations Berhad
agreed to expand the scope of their
existing joint venture with the transfer
of Cognis’ global oleochemicals and
plastics technology businesses.
Following the signing of a memorandum
of understanding earlier this
year, and the successful conclusion of
the subsequent contract negotiations,
agreements respecting the transfer of
the businesses to the joint venture and
related aspects of the transaction were
signed.
Effective January 1, Cognis’ global
oleochemicals business, comprising
fatty acids, glycerin, oilfield chemicals,
azelaic acid and pelargonic acid, and
plastics technology was transferred to
Cognis Oleochemicals Sdn. Bhd., the
existing 50:50 Malaysian joint venture
between Cognis and Golden Hope. The
implementation is subject to the
approval of the relevant authorities
and Malaysian Bank Negara andd the
Malaysian Ministry of International
Trade and Industry. The transaction is
expected to be completed by the end of
the month.


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